Quadplex with Impact Glass
For Sale
Contact for pricing
Pending
1311 Emerald Terrace, Fort Pierce, FL 34950
Four separate units, built in 2009, with impact glass and ample parking for guest vehicles and trailers.
Property Size3,829 SF
Days on Market87
Property Features for 1311 Emerald Terrace
General Information
Standard status
Pending
Size
3,829 SF
Property subtype
Multifamily
Zoning
Medium Den
Additional Details
Multifamily Units
4
Building Details
Year Built
2009
Units
4
Listing Agency:
Partnership Realty Inc.
(561) 315-2918
Listed By:
Vanessa Carcache · License #3385560
Source:
Crexi
Added: May 15
Changed: Aug 8
Last Checked: Jul 25 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Partnership Realty Inc.
Investment Insights
Based on property information with market context.
Built in 2009, this quadplex offers a rare compound-style layout with four separate living units. The property includes two 2/1 units and two studio units, providing multiple configuration options for an investor group or an owner-occupant. Complete impact glass windows are installed throughout the building.
Located in Fort Pierce, the property is described as about 15 minutes from the planned Koa Bay community, a 204-acre surf park and lagoon development expected to bring recreation, dining, and entertainment to the area. Parking is provided on-site with enough space to accommodate guests, boats, and trailers.
This setup can fit a range of buyers and operators looking for a self-contained, multi-unit property with more than one unit type. The mix of two bedrooms in the 2/1 units and studio layouts can support different household needs under one roof. With four independent units and the compound-style configuration, the property may also appeal to buyers planning for multi-generational living where separate living spaces are desirable.
Located in Fort Pierce, the property is described as about 15 minutes from the planned Koa Bay community, a 204-acre surf park and lagoon development expected to bring recreation, dining, and entertainment to the area. Parking is provided on-site with enough space to accommodate guests, boats, and trailers.
This setup can fit a range of buyers and operators looking for a self-contained, multi-unit property with more than one unit type. The mix of two bedrooms in the 2/1 units and studio layouts can support different household needs under one roof. With four independent units and the compound-style configuration, the property may also appeal to buyers planning for multi-generational living where separate living spaces are desirable.
Key Highlights
- Four separate units built in 2009
- Unit mix: two 2/1 units and two studios
- Impact glass windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,230
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,124,600
$1.1M
Cap Rate 7%
$803,286
$803.3K
Cap Rate 9%
$624,778
$624.8K
Market Conditions
NOI Build-Up for 3,829 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.0K $22.20/SF
− Vacancy
−$4.7K −$1.22/SF
EGI
$80.3K $20.98/SF
− OpEx
−$24.1K −$6.29/SF
NOI
$56.2K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,124,600
Cap Rate 7%
$803,286
Cap Rate 9%
$624,778
Alternative Uses
Best Use
Multifamily LT 5
$803.3K
$702.9K – $937.2K
NOI $56,230 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$745.8K
$652.6K – $870.1K
NOI $52,207 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$962.9K
$842.6K – $1.12M
NOI $67,406 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units, built in 2009, with impact glass and ample parking for guest vehicles and trailers.
Where is this quadplex located?
The property is located at 1311 Emerald Terrace Fort Pierce, FL.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Four separate units built in 2009; Unit mix: two 2/1 units and two studios; Impact glass windows throughout
